₦airaland Forum

Sunrisepebble:
Tbh I’m inclined to agree with you. Like I’ve mentioned many times before I don’t sabi book too much so TA is far above my pay grade and even if I did, considering the way our market is structured I don’t think one can really use it here but volume is always a leading indicator.

When Wapco started its relay at 42 to 46 and I was asking why the sudden attention, people were telling me it was not sudden, that Wapco was undervalued but straight away I knew something was up and went to do investigation. There’s no smoke without fire. This was my spiritual analysis but I’m sure anyone looking at the volume chart would have seen unusual activity.

ositadima1:
There is this song that stock in my head since morning,

Toluway:
I'm eagerly waiting to hear this song. I'm also a singer 😁

ositadima1:
Some premises make developing markets like Nigeria interesting.

[i]Market Structure:
- The market lacks complex derivatives and hedging tools that fragment trading in developed markets. This means when someone wants to take a position, they often have to do it directly in the stock.

- With fewer institutional players and automated systems, large trades are more likely to represent actual investment decisions rather than technical rebalancing.

-
Copied...

HesInMe:
If only that were the problem. The main challenge in insurance in Naija is the topline: Industry premiums are not growing fast enough compared to the market potential. People are just not insuring insurable risks. It's hard enough to compel car insurance, talk less of coverage for homes, businesses, life, and health.

So you will have all these companies with all these new shares demanding a return on investment, but the investment opportunities are just not there yet. Which rational investor would buy knowing that?

Toluway:
Please Morgancapitalgroup platform traders, is the broker not open for trading today? I couldn't trade.

Princkez:
TANTALIZER....

Princkez:
TANTALIZER....

Toluway:
Please Morgancapitalgroup platform traders, is the broker not open for trading today? I couldn't trade.

Raider76:
Access Bank Set to Enter Moroccan Market Amid African Expansion

https://www.moroccoworldnews.com/2024/12/367270/access-bank-set-to-enter-moroccan-market-amid-african-expansion

KarlTom:
It's live

SAK:
Morgan trading platform is working perfectly.
Please logout ,log in again or alternatively restart your device.

chimex38:
All arguments so far against TA are all in line with the fact that TA works but you guys are looking for an indicator that will be tied to a concrete substance which TA's have agreed that it's not entirely possible. so i don't see any argument.

If Wapco was increasing in Price and you saw an unusual activity on the chart different from WAPCOs usual dormant behaviour, then it's TA indicator but it can't outrightly predict the actual associated concrete substance which is-Acquisition which TA's agree, so I don't see the argument.

If there is an argument, it should be that before WAPCO started rallying from 35-36 and before FMN started rallying from 33-34, the chart remained same and there was no change in the chart from all TA diagonistic tools from BEFORE the insider news and DURING the insider news and then changes become visible only AFTER info is in the public domain, by then it's already on full bid,then one has an argument against TA.

if the right TA tools are deployed and cross-referenced, I believe it will indicate an activity DURING insider news before being public . That's where the work is; as there are broad range of TA tools,deploying the right arsenal is key.

TA wont be that useful if ideal conditions are met; Where inside activities don't take place until they are already public knowledge. It doesn't work 100% world over not to mention Nigeria peculiarities.

I don't do TA but most of us non-chartists and others against TA use Volume movement over time as a popular indicator, that's TA!!
So also there are other indicators and metrics that are beyond us.
So i believe it works.

BullBearMkt:

BullBearMkt:

Xidget:
Boss, any Double bottom chart for the week

Omooloriredade:
https://doclib.ngxgroup.com/Financial_NewsDocs/42779_JOHN_HOLT_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_DECEMBER_2024.pdf

This Johnholt result looks cooked. Which one is "parent company support"?

Anyway, make una dey chop the money dey go.

chimex38:
Na Dem

megawealth01:
That's how MEGA money roll. I'm enjoying MY SWEET ACCESS 😘

BullBearMkt:
Buyers don commot all from bottom. Let's wait for sellers

chimex38:
These guyz..
Them just quickly settle CBN capitalisation matter like say na distraction and continue their acquisition spree

chimex38:
Na Dem